
Long-Term Leases Provide a Valuable Succession Planning Tool as Recent Court Case Highlights
The article is not a substitute for legal advice. See here for the site’s reposting policy. Developing a farm succession plan which allows the next generation to take over the farm and provides for non-farm heirs is not an easy task. While you may want to treat your children equally, keeping the farm viable for the next generation may not allow for equal treatment. Why? Dividing the farmland equally may result in one heir getting fewer acres than are needed to support a fa